Egyptian Currency
The currency in Egypt is the Egyptian pound - usually abbreviated as EGP and sometimes, LE or L.E.. The 1/100th unit of EGP is the Piastre. The approximate exchange rate for 1 USD is 5.8 EGP as of December 2010. The Central Bank of Egypt controls the circulation of currency. As of May 2009, the currency notes in circulation have a denomination of EGP 200, 100, 50, 20, 5, 1 and Piastres 50, 25.
There is no limit on the amount of currency which the visitors may bring to Egypt, however, they must declare the currency and amount upon arrival and departure with bank receipts. If you are carrying Egyptian Currency, it should not exceed EGP 5,000.
Read more about this topic: Tourism In Egypt
Famous quotes containing the words egyptian and/or currency:
“What greater light can be hoped for in the moral sciences? The subject part of mankind in most places might, instead thereof, with Egyptian bondage expect Egyptian darkness, were not the candle of the Lord set up by himself in men’s minds, which it is impossible for the breath or power of man wholly to extinguish.”
—John Locke (1632–1704)
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—René Daumal (1908–1944)